The alt coins had positive weeks, as the crypto currency markets have recovered a bit after the massive selling that we had seen previously. This is a good sign, but the question now is “is this a dead cat bounce?”

Gold miners (GDX)(GDXJ) face the problem of compensating for every ounce they take out of the ground. Kinross Gold (KGC) has continued to use a gold price assumption of $1,200 per ounce for reserves and $1,400 per ounce for resources since 2011 to estimate reserves and resources at the end of 2017. Kinross’s reserves were 16% lower, at 25.9 million ounces, at the end of 2017 than in 2016.

Senior gold miners, which are large, established miners with various assets in multiple geographies, usually have lower-risk and highly liquid stocks. While there are variations between different miners, as a group, they usually follow gold prices. Senior miners Barrick Gold (ABX), Newmont Mining (NEM), Goldcorp (GG), and Kinross Gold (KGC) make up a substantial 25.4% of the VanEck Vectors Gold Miners ETF (GDX).

Kinross Gold (KGC) also provided an update on its organic development projects along with the 4Q17 and 2017 results. At Round Mountain Phase W, the stripping and initial construction commenced ahead of schedule in late 2017. Kinross Gold’s management maintained, during its latest earnings call, that the Tasiast Phase One expansion is proceeding on schedule and on budget.

The pressure on the Greenback was fueled by a number of factors including concerns that the Trump Administration might pursue a weak dollar strategy in an effort to drive up demand for U.S. goods and services.

On a per-share basis, the Vancouver, British Columbia-based company said it had net income of less than 1 cent. The provider of financing for gold mining companies posted revenue of $15.4 million in the ...

Based on the current price action, the index should be able to maintain its upside bias as long as it remains on the strong side of the Fibonacci level at 6709.75 and the steep uptrending Gann angle at 6676.00.